Kuroda in Davos
- We're in second-longest expansion post-war
- In Japan the contrast between recovery and inflation stands out more than anywhere else
- Medium-to-long term inflation expectations are expected to rise
- The deflationary mindset has been more tenacious than expected
- The output gap is closing
- The BOJ will continue aggressive easing
- Most risks, from my perspective, are external
- Technology, including 'Amazon effect' is having an effect
- It's not easy to eradicate the deflationary mindset from households and companies, but there are some indications that wages are actually rising
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